Barnes & Noble may spin off Nook e-reader

Barnes & Noble is considering spinning off its Nook business. CEO William Lynch said in a prepared statement. "We believe it's the right time to investigate our options to unlock that value."Barnes & Noble blamed the larger losses partly on lower-than-expected sales of the Nook Simple Touch. It plans to increase its investments in its Nook line, ramping up advertising and international expansion.The kindle fire is basically taking down the nook and is a close competitor to other tablets.